Untitled
2 days ago
I paid off one of my loans today. One down 4 to go.
People who have done this
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How to pay off debt
It made me
 "What a releif!"
How I did it: I started by putting away my credit card. So not to accumulate any more debt. I kept it but as long as I was not carying it around I wouldn't use it impulsively. I only owed about $2500 so this wasn't monumental undertaking in that respect. For me the trick is not encreasing the debt since the good folks at Cap 1 were more than willing to lend to me. I've been the starving actor and comedian for 20 years. I'm used to being broke and using credit to stay afloat. Next I found a better paying job. I rolled the increased income into the credit card payments since it charged the highest interest. at the same time I increased my car payments to relleive that stress. once the car was payed for I could get cheaper insurance.- That windfall I pretty much spent on myself. I kept my expenses low and decreased a few others; eating out less, watching cable instead of going out to or renting movies as I got closer to paying off the debt I began to make. there have been a couple of times when the card has come in handy. So far Ihaven't charged anything that I could not pay off that month. Mostly I enjoy the feeling of not having that burden. Since I no longer have debt, much of the money that I used to send to finance companies, is now going into savings. I plan to buy a house with it someday. Cash!
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Entries
Dondy154 got overwhelmed in June
Austerity (7-1-9)
1 week ago
The debt now stands at $8626.89 but from here on in we will not have any extra pennies to pay it down with. In fact if there is a significant shortfall between when the cash in the bank runs out and when the dh’s Employment Insurance begins we will have to borrow more money on the line of credit and run it up again.
But this will still mean lower interest charges both because the total debt will be lower until about September, and because the line of credit charges rather lower interest than the credit card that I paid off did.
We now owe the taxes and the line of credit, no more credit cards. Both of those are smaller than they were. It is very good to no longer have credit card debt.
nursegayle6 is working
Not sure
1 week ago
I’m really not sure how to go about this…we have a wedding coming up in January and a trip to Australia. I think this may get worse before it gets better.
Pay off debt
2 weeks ago
The fastes and easiest way that I found and what worked for me was to use a debt settlement company. Not only will you get your debt paid off ypou will save thousands of dollars in interest and reduce the amount of money you pay in priciple. I saved over 50% of what I would have paid myself. I was referered to a certified debt specialist who works at Unified Debt Settlers of America. You can go to their website and check them out yourself. WWW.UDSOFA.COM let me know how this works for you. I am very happy with my financial situation now.
5/24/06
1 month ago
Student Loan Balance: $48,377,29
Auto Loan Balance: $14,561.60
Credit Card Balance: $27,,343.34
Total Balance: $90,282.23
Number of Credit Cards: 21
Credit Cards Paid Off: 3
Credit Score: 673
Dondy154 got overwhelmed in June
Severance Pay (5-15-9)
1 month ago
My dh’s severance pay was deposited today. I made a couple of payments that I had been saving up for some time when we had cash flow. Not that they were overdue, and not that I couldn’t have paid them if the severance hadn’t come in until after the due date. But I was getting perilously close to using up the cushion in both bank accounts.
The debt now stands at $12,500 down from the original $31,000 over a year ago. Basically I have been paying off $15,000 per year, but that was when we were both employed instead of both not.
I have applied for a job I want to get, but expect I won’t even get an interview… At least I found a job I wanted to apply for!
This is going well.
5/9/09
2 months ago
Student Loan Balance: $48,377,29
Auto Loan Balance: $14,561.60
Credit Card Balance: $27,821.03
Total Balance: $90,759.92
Number of Credit Cards: 21
Credit Cards Paid Off: 3
Credit Score: 673
Landseer err...yah...
One down many more to go
2 months ago
Today, I finished paying off my tax bill and
the accountants. That’s the good news.
The bad news is I’m going to be saddled with
an additional $695.00 medical bill on top of
the existing new $695.00 medical bill…It’s nice
that insurance covers a great deal so I can’t
gripe too much…the bills could have tallied much
more.
ah, yes, moneys...
2 months ago
Again, I haven’t updated here in a long time. I got almost everything paid off, but then I used one of my cards to pay for car insurance, so that was 2k. I have also taken out a new car loan. They let me borrow 17k without any questions. :) I love my new car!
I am keeping this goal on here until I get that kiwi card paid off.
